Saab to be discontinued

[blue_onyx]

"General Motors Co. announced today that it will begin winding down its Saab operations after concluding that "certain issues" arose that prevented the brand from being sold off to a potential buyer.

GM had hoped to sell Saab to Koenigsegg Group AB, but that deal fell through last month. Then GM entered into discussions with Spyker Cars.

"During the due diligence, certain issues arose that both parties believe could not be resolved. As a result, GM will start an orderly wind-down of Saab operations," GM said in a statement."

More: http://freep.com/article/20091218/BUSINESS01/91218016/1205/GM-to-discontinue-Saab-after-deal-talks-collapse

[Ganja Ninja]

1. I loved my old 99.

The best car I ever owned.

[MineralMan]

2. RIP Old 96...

http://www.youtube.com/watch?v=nkkyg3-R_hM&feature=related

[hlthe2b]

3. I was hoping the Swedes would buy it back.... damn...

[Writer]

4. I'm saabing. n/t

[AnneD]

6. Another Saab story at Christmas...

cry me a river:eyes: :evilgrin:

[AndyA]

5. We had a 1985 Saab that was a great car.

It went something like 185,000 miles with almost no problems before we sold it to a friend in 2001.

Such a shame to see it go.

Pontiac, Oldsmobile, Plymouth...all once staples of Americana. All gone now. :(

[DemoTex]

7. Another victory for mediocrity!

Our 2001 Saab wagon was a hell of a car. It never gave us a bit of trouble, it got 33 mpg on the road, and it quite possibly saved my wife's life when a teenager ran a light at 50 mph and T-boned her Saab.

[Romulox]

8. Ed Whitacre, Obama's hand picked man, made this decision.

Let's just focus on that fact. :hi:

[HopeHoops]

9. I've always thought they were uglier than a baboon's ass.

[derby378]

10. Never owned a Saab, but I came close at one point

They are sweet little cars. Hate to see the brand go.

[pruple]

11. A friend of mine bought a used Saab

for $400 and sold it for $800 with no work done on it. RIP Saab.

[Renew Deal]

12. That's sad

Couldn't they survive on their own? SAAB is not profitable?

[blue_onyx]

13. From what I've heard...

Saab was unprofitable before and after GM purchased it.